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Mortgage and Lending - Guaranteed Rate, Marin County, CA - NMLS: 22343
How Deep Is Your Credit History? "My credit is excellent! I have, like, a 950 score!"With such hyperbole (FICO scores range between 300 and 850) you'd almost expect this to be a quote from the president.  But in reality, we hear such statements frequently in the mortgage business.  And it makes p...
Lock Watch for the Week of 5/21/2018 Volatility-O-Meter:"The beatings will continue until morale improves." Economicalendar (all times are Pacific):Mon, 5/21:       Quiet. Tues, 5/22:       Richmond Fed Mfg Index (7am).  2-Yr Note Auction (10am). Weds, 5/23:     PMI Composite Flash (6:45am) and N...
Should You DIY Your DTI? Just like the Julian and Gregorian calendars separate time between B.C. and A.D., the passage of the Dodd-Frank Wall Street Financial Reform Act separates the way mortgages have been qualified.  Loosely, before Christ (and in my opinion, Barney and Chris did hold themselv...
Lock Watch for the Week of 5/14/2018 Volatility-O-Meter:Relatively quiet week aside from a lot of Fed member speeches, but I am going to put oil prices on the radar too.  Heightened Middle East tension could spill over, through oil, into stock and bond markets. Economicalendar (all times are Paci...
Lions and Tigers and PMI, Oh My! There are a number of things you should legitimately be afraid of in this life --- great white sharks, cigarette smoke, Scott Pruitt's EPA --- but private mortgage insurance (also known as "PMI") is not one of them.  We're going to cover the basics here and I'm go...
Lock Watch for the Week of 5/07/2018 Volatility-O-Meter:Inflation readings on Weds/Thurs plus auctions should keep the bond market active. Economicalendar (all times are Pacific):Mon, 5/7:       Quiet. Tues, 5/8:       JOLTS (7am) and 3-Yr Note Auction (10am).Weds, 5/9:     PPI (5:30am) and 10-Yr...
What's a Qualifying Payment on a Mortgage? Qualifying.  It's always harder than it looks, right?  I've talked before about my erstwhile career as an Ironman triathlete and for those familiar with that sport, they'll confirm that qualifying for the race in Kona is way harder than they make it look...
Lock Watch for the Week of 4/30/2018 Volatility-O-Meter:Very high.  Really big week with a lot of reports and a Fed announcement (though no change to rates expected). Economicalendar (all times are Pacific):Mon, 4/30:       Personal Income and Outlays (5:30am), Chicago PMI (6:45am). Tues, 5/1:   ...
Am I Too Old to Get a 30-Year Mortgage? Does your job ever, from time to time, force you to provide the answer to what you feel is a simple and obvious question?  Do you feel a twinge of embarrassment at your inability to contain slight laughter upon responding?  If you can relate to this situati...
Lock Watch for the Week of 4/23/2018 Volatility-O-Meter:Busy week of reports and auctions.  GDP on Friday. Economicalendar (all times are Pacific):Mon, 4/23:       PMI Composite Flash (6:45am) and Existing Home Sales (7am). Tues, 4/24:       New Home Sales, Consumer Confidence and Richmond Fed Mf...

Rob Spinosa

Vice President of Mortgage Lending, Marin County
Can I Get a Jumbo Loan with 10% Down?
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